Solid showing for catering heavyweight Elior

Elior contract catering

Elior’s contract catering and support services business has enjoyed a solid first quarter, with the acquisition of Lexington in the UK helping to drive divisional growth of more than 5%.

The company’s contract catering activities generated sales of €1.04 billion (£770m) in Q1, representing 73% of the French group’s overall turnover.

Elior achieved organic growth of 2.8% over the period, while the acquisition of Lexington had a €12.4m (£9.2m) positive effect on revenue.

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The majority of its work comes from providing catering services to clients in the B&I, education and healthcare sectors.

It currently serves more than 18,000 restaurants and points of sale.

Outside of France, Elior said growth was “particularly strong” in the UK, USA and Spain.

Euronext-listed Elior told investors it was on course to post revenue growth of 4% this year and expects to see an increase in operating cash flow. EBITDA margin is likely to remain stable.

Tags : Contract cateringEliorfinancialskiosksRestaurants
Andrew Seymour

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